UOL Group

SINGAPORE (Oct 2): CGS-CIMB Research is keeping its “neutral” stance on property developers amid slowing sales at new launches, following a slew of new property cooling measures introduced in July to curb rising home prices.

SINGAPORE (Sept 18): CGS-CIMB Securities is remaining “neutral” on Singapore’s property sector after Aug 2018 private monthly home sales came in at 639 units, down 60% y-o-y and 64% m-o-m.

SINGAPORE (Aug 16): RHB is remaining “neutral” on the Singapore property sector on muted growth in property price in the coming months, impacted by the recent cooling measures. 

SINGAPORE (Aug 3): UOL Group reported a 21% increase in earnings to $132.7 million for the 2Q18 ended June, from $109.2 million a year ago.

SINGAPORE (July 16): UOL Group announced that its indirect wholly-owned subsidiary in Indonesia, PT Success Venture Serviced Suited Investments, is acquiring 180 apartments and ancillary facilities at Thamrin Nine’s Tower 2 in Jakarta, Indonesia for US$

SINGAPORE (July 9): OCBC is maintaining its “buy” call on UOL Group with a lowered fair value estimate of $8.48.

SINGAPORE (June 19): CGS-CIMB Research is keeping its “overweight” call on the Singapore property sector, following a 53% month-on-month surge in private home sales in May.

SINGAPORE (June 13): CGS-CIMB Research is reiterating its “add” call on developer UOL Group with an unchanged target price of $9.65, which is based on a 20% discount to RNAV.

SINGAPORE (May 17): UOL Group has submitted the only and winning bid of $1.035 billion to acquire the residential site at Silat Avenue.

SINGAPORE (May 15): OCBC is keeping its “buy” recommendation on UOL Group with a far value estimate of $10.63.